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Updated almost 6 years ago,
I am about to sign Purchase and Sale - Lead found - Strategy?
Greetings BP,
You all are the best. I read something on here about a site in Massachusetts where you can check if a house has been flagged for lead: Massachusetts Lead Safe Homes Link Here
After visiting the site I learned the house I am about to purchase was flagged. The landlord already submitted the lead-disclosure form to me stating he does not know if lead is present.
I am wondering about proceeding and a potential strategy.
The house is a three family. First floor has peeling paint and needs new windows. There is an infant and another kid under six.
Second unit, was the unit that was flagged. It has been freshly painted and there are two kids under six living there.
I believe the third floor has all new windows and should be lead free as it was renovated. New tenant moving in next month, not sure if she has kids.
I like the seller, but there is a strong possibility he was keeping the "lead-flagging" from me.
One potential strategy was signing the purchase and sale with a contingency based off of the inspection. Then we would mention the lead hazard and then request he get lead-certs for all three units.
I did beat several people to have my bid accepted. I'm likely the only buyer that would care about this or do the research. It's a great deal if I can find a way to resolve the lead issue.
Does anyone have any strategies and suggestions.
Thank you again,
Neil